Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, the German government’s decision to sell it’s stack of 50,000 Bitcoin in summer 2024 has become a $2.3 billion faux pas, the US Senate advanced a key stablecoin bill, and Ripple launched cross-border payments in the United Arab Emirates.
The German government missed out on more than $2 billion worth of Bitcoin profit after selling its holdings in 2024, according to blockchain intelligence firm Arkham.
A “German Government (BKA)” labeled cryptocurrency wallet sold 49,858 Bitcoin (BTC) worth over $2.89 billion at an average price of $57,900 across multiple transactions during June and July in 2024.
